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2021
Electric Three Wheeler Market

Electric Three Wheeler Market by Vehicle Type (Passenger Carrier and Load Carrier), Power Type (Up to 1000 W, 1000 W to 1500 W and Above 1500 W) and Battery Type (Lithium-ion and Lead Acid): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12512
Pages: 236
Jul 2021 | 665 Views
   
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 119
Charts: 57
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Electric Three Wheeler Market Statistics 2030 -

The global electric three wheeler market was valued at $677.40 million in 2020, and is projected to reach $1,100.60 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.    

The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn leads to considerable drop in automotive sales, insufficiency of raw material, and others. Countries, especially in South Asia, are witnessing loss of vehicle production, owing to factory halt and availability of workforce. Furthermore, the loss of production is expected to witness an upsurge if the lockdown is further extended.

Electric three wheelers are electrically powered vehicles that are equipped with high torque motors and longer durability batteries. Three wheelers with a combination of one single wheel in front and two wheels at the back are known as tricycles whereas the one with two front wheels and a single back wheel is known as a tadpole. Electric three wheelers have a wider application in different industries such as passenger commuting within city as well as transportation of goods and services from one place to another. Moreover, with the increased inclination toward electric vehicles, the three wheeler manufacturing companies have introduced numerous electric propelled three wheelers, which creates a positive impact on the growth of the global electric three wheeler market.

Electric-Three-Wheeler-Market,-2021-2030

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Factors such as inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute, rise in trend of last mile connectivity and increase in demand for affordable commercial vehicle supplements the growth of the global market. Moreover, lack of standardization of EV charging and high cost of battery are the factors that are hampering the growth of the global electric three wheeler market.

However, factors such as growth in trend of shared mobility and greater availability of credit and financing options are expected to provide lucrative opportunities for the growth of the global electric three wheeler market.

The electric three wheeler market has been segmented into power type, vehicle type, battery type and region. Based on the power type, the global market has been categorized as up to 1000 W, 1000 W to 1500 W and above 1500 W. Based on vehicle type, the global market has been segmented into passenger carrier and load carrier. Based on battery type, the global market has been segmented into lithium-ion and lead acid. By region, the global market has been studied across North America, Europe, Asia-Pacific and LAMEA. 

The key players profiled in the global electric three wheeler market include Atul Auto Limited., Chongqing Zongshen Tricycle Manufacture Co. Ltd., J.S. Auto Pvt. Ltd., Kinetic Green Energy & Power Solutions Ltd., Mahindra & Mahindra Ltd., Piaggio & C.SpA., Scooters India Limited, Terra Motors Corporation, Bodo Vehicle Group Co. Ltd., and E-Tuk Factory BV. 

Electric Three Wheeler Market
By Vehicle Type

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Load Carrier is projected as the most lucrative segments

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Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute

Continuously growing global carbon emission by combustion of fuel has been one of the foremost concerns for governments and environmentalists from the past few years. Which as result, bolsters the demand for electric three-wheeler across the globe; thereby, supplementing the growth of the market. Furthermore, increase in fuel prices at international level, growth in pollution, and traffic congestion, especially in urban areas have further increased the acceptance of electric three-wheeler across the globe. In March 2019, cab giant Ola launched an entire fleet of Bajaj and Piaggio auto-rickshaws in the Liverpool area with the aim of overtaking Uber. In addition, relatively higher running and maintenance cost of petrol/CNG & diesel propelled three-wheeler leads to shift in preference for electric three-wheeler for the shorter transits, which, in turn, drive the market growth.

Increase in demand for affordable commercial vehicle

Rise in expenditure on the commercial vehicle in developed and developing countries is creating the need for affordable commercial vehicles. For instance, in January 2021, Tata Motors increased the prices across its commercial vehicle range, which is paving the way for affordable three-wheeler for commercial use. Furthermore, three-wheeler mobility depends on the affordability, maneuverability, and door-to-door accessibility. In many middle- and low-income countries such as India, Africa, Nigeria and others, three-wheelers offer significantly cheaper and faster travel option along with better route flexibilities as compared to other means of transports. In many low- and mid-income countries, three-wheelers can also be linked to enhanced employment opportunities, which further bolster the demand for three-wheelers in the global market. 

Electric Three Wheeler Market
By Power Type

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Above 1500 W is projected as the most lucrative segments

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Lack of standardization of EV charging

The electric vehicles battery source does not have any alternative source for charging. The shortage of charging points in most of the cities is a major challenging factor for growth of the global electric three wheeler market. Furthermore, thin and inconsistent infrastructure, and range anxiety can create a problem for electric vehicle and can put the traveler at risk. Moreover, the implementations of supportive infrastructure required for electric vehicle in developing countries are less. Charging such vehicles in rural areas is a bigger issue where many people don’t have a dedicated parking spot, which makes it difficult to charge an electric car at home. 

Furthermore, as the technology is not matured enough, apart from China, the sales of the electric vehicles are extremely less as compared to the internal combustion engine (ICE) vehicle sale. In addition, although Tesla, an American electric vehicle and clean energy company based in Palo Alto, California, is expanding its network of chargers, they are designed specifically for Tesla vehicles. The automotive industry has standardized 120- and 240-volt plugs, which are primarily used in homes but have not yet set a standard on the plugs or ports that can charge vehicles in 30 minutes or less. Thus, all these factors coupled with the different prices at charging stations altogether are responsible for hindering the growth of the global electric three wheeler market.

Electric Three Wheeler Market
By Battery Type

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Lithium-ion is projected as the most lucrative segments

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Growth in trend of shared mobility

Shared mobility services reduce city congestion and decrease overall vehicle emissions. Therefore, digitally enabled car sharing and ride-hailing manage travel needs in the smartest way and also provide a hassle-free and environmentally sound alternative to private car ownership. This sharing & ride hailing activity that includes the entire process from travel planning till payments can be handled by a single mobile app. In the coming years, ride hailing services are projected to play a major role in this space by reducing the manual tasks and minimizing the overall time & cost. This trend is further expected to strengthen the growth of the three-wheeler market. 

The number of users relying on ride-sharing applications has increased in recent years. For instance, Uber launched its ride hailing services in 30 cities for expanding its business across the globe. To create awareness and promote new services, the key players offer discounts, free ride, and coupon facilities to customers. Moreover, California-based company Lyft Inc. is providing free rides to patients. Furthermore, Lyft also invested in several partnerships, most noticeably in healthcare transportation, which provides new mobility options for non-drivers, including older people, younger people, people with disabilities, and people without access to a vehicle. The shared transportation is taking a back seat amid the pandemic. However, the benefits of shared mobility such as reduced congestion, reduced emission, and low cost are anticipated to strengthen the demand for three-wheeler during the forecast period. 

Electric Three Wheeler Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

LAMEA would exhibit the highest CAGR of 10.2% during 2021-2030.

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Covid-19 Impact Analysis

  • The COVID-19 outbreak severely impacted the automotive sector on a global level, which in turn leads to considerable drop in automotive sales, insufficiency of raw material, and others.
  • Many small and big players in the automotive sector are witnessing issues such as halt in production activities, mandated plant closures by the government, and others.
  • Various companies operating in the automotive industry are stepping up by reconfiguring their supply chain, production, and services for delivery of critical medical supplies.
  • In addition, amid pandemic many different players are trying to devise different approaches in order to keep up with the condition by using three-wheeler for medical supplies as it provides affordable transportation with excellent maneuverability.
  • Countries, especially in South Asia, are witnessing loss of vehicle production, owing to factory halt and availability of workforce. Furthermore, the loss of production is expected to witness an upsurge if the lockdown is further extended.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global electric three wheeler market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall electric three wheeler market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global electric three wheeler market with a detailed impact analysis.
  • The current electric three wheeler market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Vehicle Type

  • Passenger Carrier
  • Load Carrier

By Power Type

  • Up to 1000W
  • 1000W to 1500W
  • Above 1500W

By Battery Type

  • Lithium-ion
  • Lead acid

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany 
    • France 
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • South Korea
    • Singapore
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Atul Auto Limited.
  • Chongqing Zongshen Tricycle Manufacture Co. Ltd.
  • J.S. Auto Pvt. Ltd.
  • Kinetic Green Energy & Power Solutions Ltd.
  • Mahindra & Mahindra Ltd.
  • Piaggio & C.SpA.
  • Scooters India Limited
  • Terra Motors Corporation
  • Bodo Vehicle Group Co. Ltd.
  • E-Tuk Factory BV.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Low-to-High bargaining power of suppliers
3.3.2.Low-to-High threat of new entrants
3.3.3.Low-to-High threat of substitutes
3.3.4.Moderate-to-high intensity of rivalry
3.3.5.Moderate-to-High bargaining power of buyers

3.4.Market share analysis, 2020 (%)
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute
3.5.1.2.Rise in trend of last mile connectivity
3.5.1.3.Increase in demand for affordable commercial vehicle

3.5.2.Restraints

3.5.2.1.Lack of standardization of EV charging
3.5.2.2.High cost of battery

3.5.3.Opportunities

3.5.3.1.Growth in trend of shared mobility
3.5.3.2.Greater availability of credit and financing options

3.6.Impact of COVID-19 on the market

3.6.1.Evolution of outbreaks

3.6.1.1.SARS
3.6.1.2.COVID-19

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trends
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis

3.6.3.3.Employment index

3.6.4.Impact on the three-wheeler industry analysis

3.7.Competitive landscape

3.7.1.Competitive dashboard
3.7.2.Competitive heatmap
3.7.3.Value chain analysis

CHAPTER 4:ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE

4.1.Overview
4.2.Passenger carrier

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market size and forecast, by passenger carrier by battery type
4.2.4.Market analysis by country

4.3.Load Carrier

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market size and forecast, by load carrier by battery type
4.3.4.Market analysis by country

CHAPTER 5:ELECTRIC THREE WHEELER MARKET, BY POWER TYPE

5.1.Overview
5.2.Up to 1000 W

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.1000 W to 1500 W

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.Above 1500 W

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

CHAPTER 6:ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE

6.1.Overview
6.2.Lithium-ion

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Lead acid

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

CHAPTER 7:ELECTRIC THREE WHEELER MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by vehicle type
7.2.3.North America passenger carrier electric three wheeler market, by battery type
7.2.4.North America load carrier electric three wheeler market, by battery type
7.2.5.Market size and forecast, by power type
7.2.6.Market size and forecast, by battery type
7.2.7.Market analysis by country

7.2.7.1.U.S.

7.2.7.1.1.Market size and forecast, by vehicle type
7.2.7.1.2.Market size and forecast, by power type
7.2.7.1.3.Market size and forecast, by battery type

7.2.7.2.Canada

7.2.7.2.1.Market size and forecast, by vehicle type
7.2.7.2.2.Market size and forecast, by power type
7.2.7.2.3.Market size and forecast, by battery type

7.2.7.3.Mexico

7.2.7.3.1.Market size and forecast, by vehicle type
7.2.7.3.2.Market size and forecast, by power type
7.2.7.3.3.Market size and forecast, by battery type

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by vehicle type
7.3.3.Europe passenger carrier electric three wheeler market, by battery type
7.3.4.Europe load carrier electric three wheeler market, by battery type
7.3.5.Market size and forecast, by power type
7.3.6.Market size and forecast, by battery type
7.3.7.Market analysis by country

7.3.7.1.UK

7.3.7.1.1.Market size and forecast, by vehicle type
7.3.7.1.2.Market size and forecast, by power type
7.3.7.1.3.Market size and forecast, by battery type

7.3.7.2.Germany

7.3.7.2.1.Market size and forecast, by vehicle type
7.3.7.2.2.Market size and forecast, by power type
7.3.7.2.3.Market size and forecast, by battery type

7.3.7.3.France

7.3.7.3.1.Market size and forecast, by vehicle type
7.3.7.3.2.Market size and forecast, by power type
7.3.7.3.3.Market size and forecast, by battery type

7.3.7.4.Italy

7.3.7.4.1.Market size and forecast, by vehicle type
7.3.7.4.2.Market size and forecast, by power type
7.3.7.4.3.Market size and forecast, by battery type

7.3.7.5.Rest of Europe

7.3.7.5.1.Market size and forecast, by vehicle type
7.3.7.5.2.Market size and forecast, by power type
7.3.7.5.3.Market size and forecast, by battery type

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by vehicle type
7.4.3.Asia-Pacific passenger carrier electric three wheeler market, by battery type
7.4.4.Asia-Pacific load carrier electric three wheeler market, by battery type
7.4.5.Market size and forecast, by power type
7.4.6.Market size and forecast, by battery type
7.4.7.Market analysis by country

7.4.7.1.China

7.4.7.1.1.Market size and forecast, by vehicle type
7.4.7.1.2.Market size and forecast, by power type
7.4.7.1.3.Market size and forecast, by battery type

7.4.7.2.Japan

7.4.7.2.1.Market size and forecast, by vehicle type
7.4.7.2.2.Market size and forecast, by power type
7.4.7.2.3.Market size and forecast, by battery type

7.4.7.3.India

7.4.7.3.1.Market size and forecast, by vehicle type
7.4.7.3.2.Market size and forecast, by power type
7.4.7.3.3.Market size and forecast, by battery type

7.4.7.4.South Korea

7.4.7.4.1.Market size and forecast, by vehicle type
7.4.7.4.2.Market size and forecast, by power type
7.4.7.4.3.Market size and forecast, by battery type

7.4.7.5.Rest of Asia-Pacific

7.4.7.5.1.Market size and forecast, by vehicle type
7.4.7.5.2.Market size and forecast, by power type
7.4.7.5.3.Market size and forecast, by battery type

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by vehicle type
7.5.3.LAMEA passenger carrier electric three wheeler market, by battery type
7.5.4.LAMEA load carrier electric three wheeler market, by battery type
7.5.5.Market size and forecast, by power type
7.5.6.Market size and forecast, by battery type
7.5.7.Market analysis by country

7.5.7.1.Latin America

7.5.7.1.1.Market size and forecast, by vehicle type
7.5.7.1.2.Market size and forecast, by power type
7.5.7.1.3.Market size and forecast, by battery type

7.5.7.2.Middle East

7.5.7.2.1.Market size and forecast, by vehicle type
7.5.7.2.2.Market size and forecast, by power type
7.5.7.2.3.Market size and forecast, by battery type

7.5.7.3.Africa

7.5.7.3.1.Market size and forecast, by vehicle type
7.5.7.3.2.Market size and forecast, by power type
7.5.7.3.3.Market size and forecast, by battery type

CHAPTER 8:COMPANY PROFILES

8.1.ATUL AUTO LIMITED

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.CHONGQING ZONGSHEN TRICYCLE MANUFACTURE CO.LTD

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Product portfolio

8.3.J.S. AUTO PVT LTD.

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Product portfolio

8.4.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.Key strategic moves and developments

8.5.Mahindra Electric Mobility Limited  (subsidiary of Mahindra & Mahindra Ltd.).

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.R&D expenditure
8.5.7.Business performance
8.5.8.Key strategic moves and developments

8.6.PIAGGIO & C. SPA

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.R&D expenditure
8.6.7.Business performance
8.6.8.Key strategic moves and developments

8.7.SCOOTERS INDIA LIMITED

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Product portfolio
8.7.5.R&D expenditure
8.7.6.Business performance

8.8.TERRA MOTORS CORPORATION

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Product portfolio

8.9.BODO VEHICLE GROUP CO., LTD.

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Product portfolio

8.10.E-Tuk Factory

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020-2030 ($MILLION)
TABLE 02.ELECTRIC THREE WHEELER MARKET REVENUE FOR PASSENGER CARRIER, BY REGION 2020–2030 ($MILLION)
TABLE 03.ELECTRIC THREE WHEELER MARKET REVENUE FOR PASSENGER CARRIER, BY BATTERY7 TYPE, 2020–2030 ($MILLION)
TABLE 04.ELECTRIC THREE WHEELER MARKET REVENUE FOR LOAD CARRIER, BY REGION 2020–2030 ($MILLION)
TABLE 05.ELECTRIC THREE WHEELER MARKET REVENUE FOR LOAD CARRIER, BY BATTERY7 TYPE, 2020–2030 ($MILLION)
TABLE 06.GLOBAL ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020-2030 ($MILLION)
TABLE 07.ELECTRIC THREE WHEELER MARKET REVENUE FOR UP TO 1000 W, BY REGION 2020–2030 ($MILLION)
TABLE 08.ELECTRIC THREE WHEELER MARKET REVENUE FOR 1000 W TO 1500 W, BY REGION 2020–2030 ($MILLION)
TABLE 09.ELECTRIC THREE WHEELER MARKET REVENUE FOR ABOVE 1500 W, BY REGION 2020–2030 ($MILLION)
TABLE 10.GLOBAL ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020-2030 ($MILLION)
TABLE 11.ELECTRIC THREE WHEELER MARKET REVENUE FOR LITHIUM-ION, BY REGION 2020–2030 ($MILLION)
TABLE 12.ELECTRIC THREE WHEELER MARKET REVENUE FOR LEAD ACID, BY REGION 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 14.NORTH AMERICA PASSENGER CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA LOAD CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 18.U.S. ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 19.U.S. ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 20.U.S. ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 21.CANADA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 22.CANADA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 23.CANADA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 24.MEXICO ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 25.MEXICO ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 26.MEXICO ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 27.EUROPE ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 28.EUROPE PASSENGER CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 29.EUROPE LOAD CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 30.EUROPE ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 31.EUROPE ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 32.UK ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 33.UK ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 34.UK ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 35.GERMANY ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 36.GERMANY ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 37.GERMANY ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 38.FRANCE ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 39.FRANCE ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 40.FRANCE ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 41.ITALY ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 42.ITALY ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 43.ITALY ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 44.REST OF EUROPE ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 45.REST OF EUROPE ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 46.REST OF EUROPE ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 47.ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 48.ASIA-PACIFIC PASSENGER CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 49.ASIA-PACIFIC LOAD CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 50.ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 51.ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 52.CHINA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 53.CHINA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 54.CHINA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 55.JAPAN ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 56.JAPAN ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 57.JAPAN ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 58.INDIA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 59.INDIA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 60.INDIA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 61.SOUTH KOREA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 62.SOUTH KOREA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 63.SOUTH KOREA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 64.REST OF ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 65.REST OF ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 66.REST OF ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 67.LAMEA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 68.LAMEA PASSENGER CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 69.LAMEA LOAD CARRIER ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 70.LAMEA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 71.LAMEA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 72.LATIN AMERICA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 73.LATIN AMERICA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 74.LATIN AMERICA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 75.MIDDLE EAST ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 76.MIDDLE EAST ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 77.MIDDLE EAST ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 78.AFRICA ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 79.AFRICA ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020–2030 ($MILLION)
TABLE 80.AFRICA ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020–2030 ($MILLION)
TABLE 81.ATUL AUTO LIMITED: KEY EXECUTIVES
TABLE 82.ATUL AUTO LIMITED: COMPANY SNAPSHOT
TABLE 83.ATUL AUTO LIMITED: PRODUCT PORTFOLIO
TABLE 84.ATUL AUTO LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 85.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: KEY EXECUTIVE
TABLE 86.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: COMPANY SNAPSHOT
TABLE 87.CHONGQING ZONGSHEN TRICYCLE MOTORCYCLE CO. LTD: PRODUCT PORTFOLIO
TABLE 88.J.S. AUTO PVT. LTD.: KEY EXECUTIVE
TABLE 89.J.S. AUTO PVT. LTD.: COMPANY SNAPSHOT
TABLE 90.J.S. AUTO PVT. LTD.: PRODUCT PORTFOLIO
TABLE 91.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: KEY EXECUTIVES
TABLE 92.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: COMPANY SNAPSHOT
TABLE 93.KINETIC GREEN ENERGY & POWER SOLUTIONS LTD.: PRODUCT PORTFOLIO
TABLE 94.MAHINDRA ELECTRIC MOBILITY LIMITED: KEY EXECUTIVES
TABLE 95.MAHINDRA ELECTRIC MOBILITY LIMITED: COMPANY SNAPSHOT
TABLE 96.MAHINDRA ELECTRIC MOBILITY LIMITED: OPERATING SEGMENTS
TABLE 97.MAHINDRA ELECTRIC MOBILITY LIMITED: PRODUCT PORTFOLIO
TABLE 98.MAHINDRA ELECTRIC MOBILITY LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 99.MAHINDRA ELECTRIC MOBILITY LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 100.PIAGGIO & C.SPA: KEY EXECUTIVES
TABLE 101.PIAGGIO & C.SPA: COMPANY SNAPSHOT
TABLE 102.PIAGGIO & C.SPA: OPERATING SEGMENTS
TABLE 103.PIAGGIO & C.SPA: PRODUCT PORTFOLIO
TABLE 104.PIAGGIO & C.SPA: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 105.PIAGGIO & C.SPA: NET SALES, 2018–2020 ($MILLION)
TABLE 106.SCOOTERS INDIA LIMITED: KEY EXECUTIVES
TABLE 107.SCOOTERS INDIA LIMITED: COMPANY SNAPSHOT
TABLE 108.SCOOTERS INDIA LIMITED: PRODUCT PORTFOLIO
TABLE 109.SCOOTERS INDIA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 110.SCOOTERS INDIA LIMITED: NET SALES, 2018–2020 ($MILLION)
TABLE 111.TERRA MOTORS CORPORATION: KEY EXECUTIVES
TABLE 112.TERRA MOTORS CORPORATION: COMPANY SNAPSHOT
TABLE 113.TERRA MOTORS CORPORATION: PRODUCT PORTFOLIO
TABLE 114.BODO VEHICLE GROUP CO., LTD.: KEY EXECUTIVES
TABLE 115.BODO VEHICLE GROUP CO., LTD.: COMPANY SNAPSHOT
TABLE 116.BODO VEHICLE GROUP CO., LTD.: PRODUCT PORTFOLIO
TABLE 117.E-TUK FACTORY: KEY EXECUTIVES
TABLE 118.E-TUK FACTORY: COMPANY SNAPSHOT
TABLE 119.E-TUK FACTORY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021*
FIGURE 09.MARKET SHARE ANALYSIS, 2020 (%)
FIGURE 10.MACRO-ECONOMIC INDICATORS PROJECTIONS (1/2):
FIGURE 11.MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
FIGURE 12.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS (1/2)
FIGURE 13.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS (2/2)
FIGURE 14.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 15.VALUE CHAIN ANALYSIS OF THE INDUSTRY
FIGURE 16.GLOBAL ELECTRIC THREE WHEELER MARKET, BY VEHICLE TYPE, 2020-2030
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR PASSENGER CARRIER, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR LOAD CARRIER, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 19.GLOBAL ELECTRIC THREE WHEELER MARKET, BY POWER TYPE, 2020-2030
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR UP TO 1000 W, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR 1000 W TO 1500 W, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR ABOVE 1500 W, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 23.GLOBAL ELECTRIC THREE WHEELER MARKET, BY BATTERY TYPE, 2020-2030
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR LITHIUM-ION, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET FOR LEAD ACID, BY COUNTRY, 2020 & 2030 ($MILLON)
FIGURE 26.ELECTRIC THREE WHEELER MARKET, BY REGION, 2020-2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 28.U.S. ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 29.CANADA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 30.MEXICO ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 32.UK ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 33.GERMANY ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 34.FRANCE ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 35.ITALY ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 36.REST OF EUROPE ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 38.CHINA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 39.JAPAN ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 40.INDIA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 41.SOUTH KOREA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 42.REST OF ASIA-PACIFIC ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 43.COMPARATIVE SHARE ANALYSIS OF ELECTRIC THREE WHEELER MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 44.LATIN AMERICA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 45.MIDDLE EAST ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 46.AFRICA ELECTRIC THREE WHEELER MARKET, 2020–2030 ($MILLION)
FIGURE 47.ATUL AUTO LIMITED: NET SALES, 2018–2020 ($MILLION)
FIGURE 48.MAHINDRA ELECTRIC MOBILITY LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 49.MAHINDRA ELECTRIC MOBILITY LIMITED: NET SALES, 2018–2020 ($MILLION)
FIGURE 50.MAHINDRA ELECTRIC MOBILITY LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.MAHINDRA ELECTRIC MOBILITY LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.PIAGGIO & C.SPA: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.PIAGGIO & C.SPA: NET SALES, 2018–2020 ($MILLION)
FIGURE 54.PIAGGIO & C.SPA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.PIAGGIO & C.SPA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.SCOOTERS INDIA LIMITED: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.SCOOTERS INDIA LIMITED: NET SALES, 2018–2020 ($MILLION)

 
 

Electric Three Wheeler market is supplemented by numerous developments carried out by the top electric three wheeler manufacturers which has led to the growth of the market. Moreover, technological advancements in vehicles followed by the need for smart vehicles to commute within cities supplements the growth of the global electric three wheeler market.

Inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute followed by increase in demand for affordable commercial vehicle has led to the growth of global electric three wheeler market. Many e-commerce players are very keen to adopt gasoline as well as electric three-wheeler in their fleet, owing to their excellent maneuverability, low maintenance and operating cost ever for the shorter transits. In addition, the current adoption rate of electric three-wheeler is foreseen to significantly bring down the upfront cost in coming years. Increase in penetration of electric vehicles will also help in reducing environmental impact. However, the high cost of battery and lack of standardization of EV charging are major factors that could hamper the growth of the electric three-wheelers in the global market.

Moreover, rise in investments on building efficient vehicles and technological advancements in electric vehicle systems are expected to provide lucrative opportunities for growth of the global market in the future.

Factors such as inclination toward use of electric three-wheeler as an eco-friendly & efficient solution for commute, rise in trend of last mile connectivity and increase in demand for affordable commercial vehicle supplements the growth of the global market. Moreover, lack of standardization of EV charging and high cost of battery are the factors that are hampering the growth of the global electric three wheeler market. However, factors such as growth in trend of shared mobility and greater availability of credit and financing options are expected to provide lucrative opportunities for the growth of the global electric three wheeler market.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, LAMEA and North America. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to increase in demand for cheaper transportation medium followed by Europe as compared to other regions.

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A. The global electric three wheeler market was valued at $677.40 million in 2020, and is projected to reach $1,100.60 million by 2030, registering a CAGR of 5.3%.

A. Introduction of Lithium-ion battery is the upcoming trends in electric three wheelers industry

A. The sample for global electric three wheeler market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Increased demand for green fuel vehicles and increased sales are the post COVID-19 scenario in electric three wheelers market

A. Vehicle Type is the most influencing segment growing in the electric three wheelers report

A. The company profiles of the top market players of electric three wheeler market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the electric three wheeler market

A. China, India, Japan, South Korea are the key matured markets growing in the global electric three wheelers report

A. Introduction of electric thre wheeler in different industries are the known and unknown adjacencies impacting the electric three wheelers market

A. LAMEA will provide more business opportunities for electric three wheelers in future

A. Product development & product launch are the key strategies adopted by the top players to increase their revenue in electric three wheelers

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